HomeMy WebLinkAboutCRA-R-23-0057Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
CRA Resolution: CRA-R-23-0057
File Number: 15053 Final Action Date:11/16/2023
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA"), WITH ATTACHMENT(S), RETROACTIVELY APPROVING AND
RATIFYING THE EXECUTIVE DIRECTOR'S TO EXECUTE THE PURCHASE
AND SALE AGREEMENT ("AGREEMENT") (EXHIBIT "A") ATTACHED AND
INCORPORATED HEREIN, NEGOTIATE AND EXECUTE ALL NECESSARY
DOCUMENTS, INCLUDING ANY AMENDMENTS AND MODIFICATIONS TO
SAID AGREEMENT IN A FORM ACCEPTABLE TO COUNSEL, BETWEEN THE
SEOPW CRA AND FRONTIER FUELS INC., AS TRUSTEE ("SELLER"), TRS
FOR THE ACQUISITION OF THE REAL PROPERTIES LOCATED 939 N.W. 5TH
AVENUE, 720 N.W. 4TH AVENUE AND 440 N.W. 10TH STREET MIAMI,
FLORIDA, 33136, CONTAINING AN APPROXIMATE TOTAL ADJUSTED AREA
OF 31,250 SQUARE FEET ("PROPERTY"), AS LEGALLY DESCRIBED IN THE
AGREEMENT FOR A TOTAL PURCHASE PRICE NOT TO EXCEED TWO
MILLION TWO HUNDRED THIRTY THOUSAND DOLLARS AND ZERO CENTS
($2,230,000.00), CONTINGENT UPON THE SEOPW CRA OBTAINING A
WRITTEN APPRAISAL FROM A LICENSED FLORIDA APPRAISER STATING
THAT THE APPRAISED VALUE OF THE PROPERTY, IS AT A MINIMUM, THE
REFERENCED AMOUNT HEREIN, PURSUANT TO SECTION 163.370, FLORIDA
STATUTES, AND THE SEOPW CRA REDEVELOPMENT PLAN; ALLOCATING
FUNDS FROM ACCOUNT TITLED PURCHASE OF REAL PROPERTY,
ACCOUNT NUMBER 10050.920101.662000.0000.00000 IN A TOTAL AMOUNT
NOT TO EXCEED TWO MILLION TWO HUNDRED THIRTY THOUSAND
DOLLARS AND ZERO CENTS ($2,230,000.00) INCLUSIVE OF SAID
ACQUISITION, THE COST OF A SURVEY, ENVIRONMENTAL REPORT, TITLE
INSURANCE, AND RELATED CLOSING COSTS ASSOCIATED WITH SAID
ACQUISITION; FURTHER AUTHORIZING THE GENERAL COUNSEL TO
ENGAGE WEISS SEROTA, ET AL, AS OUTSIDE COUNSEL FOR THE
REPRESENTATION OF THE SEOPW CRA ON ALL MATTERS RELATED TO A
TITLE COMMITMENT AND POLICY, PHASE I ENVIRONMENTAL SITE
ASSESSMENT REPORT (AND PHASE II IF REQUIRED), SURVEY, AND
REPRESENTATION AT CLOSING (EXHIBIT "C") INCORPORATED HEREIN,
PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE
DATE.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency
("SEOPW CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida
Statutes, and is responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area in accordance with the 2018 Southeast Overtown/Park West Community
Redevelopment Plan Update (the "Plan"); and
WHEREAS, SEOPW CRA wishes to acquire the real properties currently owned by
Frontier Fuels Inc., as trustee ("Seller") located at 939 N.W. 5th Avenue, 720 N.W. 4th Avenue,
and 440 N.W. loth Street, Miami Florida 33136, containing an approximate total adjusted area of
City of Miami Page 1 of 3 File ID: 15053 (Revision: A) Printed On: 9/11/2025
File ID: 15053 Enactment Number: CRA-R-23-0057
square feet ("Property"), as legally described in the Purchase and Sale Agreement ("Agreement"),
attached and incorporated as Exhibit "A", in a form acceptable to Counsel; and
WHEREAS, as legally described in the Agreement for an amount not to exceed Two -
Million Two Hundred Thirty Thousand Dollars and Zero Cents ($2,230,000.00), the appraised
value of the property (Exhibit "B"); and
WHEREAS, further authorizing the General Counsel to engage Weiss Serota, et al, as
outside Counsel for the representation of the SEOPW CRA on all matters related to a Title
Commitment and Policy, a Phase I Environmental Site Assessment Report (and Phase II if
required), a survey, and representation at closing (Exhibit "C"); and
WHEREAS, pursuant to Section 163.370, Florida Statutes, and the Plan, the SEOPW CRA plans
to develop the Property to enhance the quality of life in the surrounding area and address slum and blight;
and
WHEREAS, the proposed acquisition of the Property is consistent with Section 1 of the Plan; and
WHEREAS, the SEOPW CRA's estimated total cost for the acquisition of the Property will not
exceed Two Million Two Hundred Thirty Thousand Dollars and Zero Cents ($2,230,000.00), which
includes the cost of acquisition, the cost of a survey, environmental report, title insurance, and related
closing costs associated with said acquisition; and
WHEREAS, the Board of Commissioners of the SEOPW CRA retroactively approving and
ratifying the Executive Director to enter into the Agreement in addition this Resolution retroactively
approving the engagement of the law firm of Weiss Serota, et al., who will assist the General Counsel
with the representation of the SEOPW CRA on all matters related to a title commitment and policy, a
Phase I Environmental Site Assessment Report (and Phase II if required), a survey, and representation at
closing;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The Executive Director is authorized to negotiate and execute the Agreement,
in a form acceptable to Counsel, between the SEOPW CRA and the Seller for the acquisition of the
Property for a total purchase price not to exceed Two -Million Two Hundred Thirty Thousand Dollars
and Zero Cents ($2,230,000.00), contingent upon the SEOPW CRA obtaining a written appraisal from a
licensed Florida appraiser stating that the appraised value is at a minimum the referenced amount herein.
Section 3. The Executive Director is further authorized' to negotiate and execute any and all
necessary documents, including any amendments and modifications to said Agreement, all in forms
acceptable to Counsel, as may be necessary to effectuate said acquisition, with funds allocated from
account number 10050.920101.662000.0000.00000, to cover the cost of said acquisition, plus the cost of
a survey, environmental report, title insurance, and related closing costs associated with said acquisition,
' The herein authorization is further subject to compliance with all legal requirements that may be imposed,
including but not limited to those prescribed by applicable State law, City Charter and Code provisions, as adopted
by the SEOPW CRA.
City of Miami Page 2 of 3 File ID: 15053 (Revision: A) Printed on: 9/11/2025
File ID: 15053 Enactment Number: CRA-R-23-0057
in accordance with the terms and conditions of the Agreement.
Section 4. The Executive Director shall issue a report on the status of this potential
acquisition within 14 days of the passage of this resolution.
Section 5. The SEOPW CRA is retroactive authorized to engage the Weiss Serota, et al.,
law firm for the representation of the SEOPW CRA on all matters related to a title commitment and
policy, a Phase I Environmental Site Assessment Report (and Phase II if required), a survey, and
representation at closing.
Section 6. This Resolution shall be effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
ae Br ounsel
11/8/2023
City of Miami Page 3 of 3 File ID: 15053 (Revision: A) Printed on: 9/11/2025